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Americash Mortgage Bankers

Founded in 1998, Costa Mesa, California-based Americash Mortgage serves as one of the country’s leading residential mortgage lenders, with a license to operate in 21 states. By conducting its business primarily over the Internet, Americash Mortgage saves on advertising and brick-and-mortar locations, savings the company returns to consumers in the form of more competitive mortgage rates. Whether a customer shows interest in purchasing a new home, refinancing an existing mortgage, investing in home improvements, or consolidating debt, Americash Mortgage works to find the best loan package for their needs. Thanks to its status as a direct lender with no brokerage operations, Americash Mortgage also offers an ideal venue for customers who might have problems qualifying for a loan elsewhere, including those who are self-employed, have a poor credit history, or currently possess a high debt-to-income ratio. The process of applying for an Americash Mortgage loan consists of six important steps. First, customers should organize their documents, including two years of prior tax returns and W-2s, the last three consecutive paycheck stubs, and bank statements for all their accounts. This data is necessary for the second step, the pre-approval process, which involves verification of income, credit, assets, and liabilities. Once pre-approved, the customer will know the maximum amount they are qualified to borrow. Thus the client now has a price range in which they can use to shop for a affordable new home. This allows the closing to occur more quickly once the client finds an appropriate property. The third step is to evaluate different loan programs. Americash Mortgage works to determine which program is best for the customer’s budget and the amount of time they plan to keep the home. The fourth step involves the application for the desired loan, which leads to the fifth step, Americash Mortgage approving of the full loan. If the loan receives approval, the customer can proceed to the sixth step, closing the loan. The mortgage process is then complete, and the new home can be purchased.